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Reply to "Kamala Harris for President"
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[quote=Anonymous][quote=Anonymous][twitter]https://x.com/mattdizwhitlock/status/1823711636802412784[/twitter] In a move critics say is designed to shield the Biden-Harris administration from election fallout, the administration has leveraged taxpayer funds to mask upcoming increases in Medicare premiums. Under the Inflation Reduction Act (IRA), which was intended to cap out-of-pocket drug costs for Medicare beneficiaries, insurers are poised to significantly hike monthly premiums, with average bids for Part D plans expected to triple by 2025. In response to potential voter backlash, the Centers for Medicare and Medicaid Services (CMS) rolled out a three-year "demonstration project" to subsidize these premiums, aiming to keep them artificially low. However, despite the appearance of relief, some critics are saying that taxpayers will fund a dramatic increase in subsidies — from $30 per recipient per month in 2024 to $142.70 in 2025 — raising concerns about the long-term impact on government spending and debt. Former President Trump adviser Joe Grogan has criticized the maneuver, arguing that it merely shifts costs rather than providing real relief. "They've destroyed Part D premiums," Grogan told Fox News Digital in an interview. "I'm not sure it'll survive legal scrutiny if someone were to sue. Objectively, it shouldn't be done. It's just interjecting $5-$10 billion of taxpayer dollars, while the taxpayers are paying the price 85 days before an election. It's sickening." "This is only going to get worse in 2025, 2026," Grogan continued. "The program is in a death spiral. They announced a three-year demo. It's already broken. The demo is going to fail. Premiums are still going to go up." Paragon Health Institute, a health care research group, called the CMS demo plan a "fake, costly demonstration," in a recent analysis. https://www.foxnews.com/politics/biden-harris-administration-using-taxpayer-money-mask-medicare-premium-hikes-before-election-critics[/quote] The government isn’t raising the premiums. Private insurers are raising the premiums because that’s what private insurers do. This was always the flaw in the Bush design of Part D. The government has to continually subsidize and/or coerce insurers and drug companies to keep Part D costs reasonable. [/quote]
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